Standard Chartered Becomes First G-SIB to Launch Institutional USDC Minting Service in Dubai

According to Standard Chartered and Circle, Standard Chartered became the first Global Systemically Important Bank to offer institutional USDC minting and redemption on July 2, 2026. The service launched through the bank's Dubai International Financial Centre operations. Institutional clients can mint and redeem USDC without holding direct Circle accounts, receiving a unified onboarding experience through Standard Chartered. The service supports on-chain settlement, treasury management, and liquidity management for institutional customers.
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